Is this the right time to buy a home?

Mortgage rates are sitting at historical lows!

Heightened competition in the mortgage market and low long term interest rates have pushed both posted and discounted mortgage rates to record lows during the second quarter of 2014. The one year mortgage rate is expected to remain close to its current level of 3.14% for the remainder of the year. The Canadian economy is forecasted to expance close to 2.5% in both 2014 and 2015. It's a perfect time to buy a home!